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Morning all,
Well we seem to have ground to a halt now until an RNS lands. Trading this share is becoming very limited and obviously very risky now. News is due on at least 3 fronts, CAR-T, updates on both CBR and CDX. When any of those pieces of news lands can be anytime from next week, or maybe up to a couple of months away (IMO, I don't think it'll be that long though) So selling now in the region of 1.4/1.5p seems plain puzzling to me. Buying at around 1.6p seems a very good investment, for what it's likely to be a great return in a matter of weeks. Each to their own though and GLA
This trading range is getting tighter and tighter, and must be very hard for traders. As Cyrox has said, a drop of nearly 5% by the MMs on absolutely nothing.
Looking forward to imminent news to get us up to a more sensible price. Meanwhile this charade continues.
That fits in with my thinking too HH. I've always felt that the CH could be lifted late August, but may run a few more weeks beyond that. So for me mid Aug to mid Sep. None of us really know though, but that is my surmise
Micky, I doubt IND approval will take as long as the end of October. I also think that there will be a significant shift in the SP with other news like CBR in vivo results or CDX partner soon. Meanwhile let the traders trade ;)
Oh dear I shouldn't make predictions, but what the hell, sue me.
It just shows you how many weak sellers are out there. Why anyone wants to sell at 1.46 or 1.47 is beyond me. The spread is still ridiculously wide??? Sure if you buy at 1.4p and get a selling price of 1.65p, I just about get that. It might just about be worth it once you take into account selling fees. Anyway each to their own. Just glad I'm an investor and not a common little trader. I will wait for as long as it takes
Very weird and quiet day. I'd have to agree with you Mr I, this large spread does not encourage any buying or selling really, and certainly doesn't encourage any traders to do their thing. The only good thing is we are one day nearer major news to drop. Will that be tomorrow, next week or next month????? Only Vlad knows.
Let's hope tomorrow is a bit more exciting
Unfortunately as soon as we get a decent rise, traders will want to sell immediately for their 5-10% profit. The spread now is almost hilarious. Nothing we can do about it until we receive the RNS to say we are clinical with CAR-T or we have a partner for CBR. It will happen soon enough. We just have to put up with this trading rubbish meantime
It's been a cautious couple of days so far. Trading is very difficult (not that I give a toss). Can't even buy 20k shares at the moment, but can sell 1.5 million. That tells me a lot!!! They want our shares as we get closer to IND
Morning all, some nice big buys early this morning, but still no change in sp. However maximum buy is only 150k now, maximum sell is 1.3 million (all before NT). Hopefully that bodes well for a blue day later perhaps?
GLA
Mr I,
I didn't know it was snooker1000. Sensibly I filtered him ages ago. A lovely green box for me. Anyway, I personally don't think we will have to wait months for a rerate, weeks perhaps, unless there is big news re CBR or CDX even, which of course could come anytime. I also think it is becoming a little harder for traders. (Shame). IMO, the gap seems to be narrowing from 1.4p to 1.8p to maybe 1.4p to 1.65p, so profit margins are seem tighter after forking out on fees etc
Roll on the next RNS whenever that maybe. GLA
I'm not a trader, but I wouldn't disagree with that statement. If the buy price drops as low as 1.4p, it's highly likely you'll gain 10%+ (imo), and probably in a short space of time. I'm personally not tempted myself though, as I'd have to sell some "safe" shares, to gain the funds, in order to do so.
Good luck ;)
Mr I, actually there isn't much in it before we go to negotiated trade right at this very moment. You can sell up to 550k before it goes to NT. You can buy 650k at 1.548 before going to NT. It's a tempting buy at the moment, but I already have too many, so unless it drops further I won't partake